PNB HOUSING FINANCE LIMITED Public Issue of Equity Shares
Issue Highlights Issue opens: Tuesday, October 25, 2016 Issue closes: Thursday, October 27, 2016
Price Band: Rs. 750 – Rs. 775
Discount Discount of Rs. 75/- to PNB HFC Employees
Bid Lot: 19 Equity Shares and in multiples thereafter Face Value: Rs.10 /- Listing: BSE & NSE
Registrar: Link Intime India Private Limited
Payment: Compulsorily ASBA Mode
Business Overview PNB Housing Finance Limited, the fifth largest HFC in India by loan portfolio as of September 30, 2015 with the second largest amount of deposits in an HFC in India as of March 31, 2015, according to the IMaCS Report. The parent and Promoter is Punjab National Bank (“PNB”), one of the largest nationalised banks in India. Over the previous five years, the Company have implemented a business process transformation and re-engineering (“BPR”) programme, which has contributed to becoming the fastest growing HFC among the leading HFCs in India as of March 31, 2015, according to the IMaCS Report. The Company offers its customers “housing loans” for the purchase, construction, extension or improvement of residential properties or for the purchase of residential plots, and “non-housing loans” in the form of loans against property (“LAP”) to property-owning customers through mortgages over their existing property and any additional security, if required; non-residential premises loans (“NRPL”) for the purchase or construction of non-residential premises; lease rental discounting (“LRD”) loans offered against rental receipts derived from lease contracts with commercial tenants; and corporate term loans (“CTL”), which are general purpose loans to developers and/or corporate for purposes of on-going projects or business needs. The Company’s target customers for housing loans are salaried
Fresh Issue: ` 3000 Crs.
Employee Reservation Portion: 250,000 Equity Shares Net Offer Break up:
Category Allocation Issue Size ( ` in Crs) at Lower Band Upper Band
QIB 50% 1490.31 1490.62 NIB 15% 447.09 447.19 Retail 35% 1043.22 1043.44 Total Net Offer 100% 2980.62 2981.25
Summary Statement of Profit and Losses, as restated (Rs. In Million)
Particulars Quarter ended Year ended June 30, 2016 31‐03‐2016
Total Income 8,634.36 26,995.43
Total Expenditure 7,160.54 21,952.63
5,042.80 Profit Before Tax 1,473.82
Profit after Tax 960.28 3,275.66 E.P.S.(Rs.) Basic & Diluted *7.57 27.58
RONW (%) *4.38 17.60 *Not Annualized
Retail Payment Chart
Compulsory ASBA mode. No Cheque will be accepted. Cut Off Price `[775] Per Share
customers, whose main source of income is salary from their employment, and self-employed customers, whose main source of income is their profession or their business. The Company also offers housing loans in the form of construction finance loans to real estate developers of residential housing. Object of the Issue The Company intends to utilize the Net Proceeds towards the following: (i) Augment its capital base to meet future capital requirements; and (ii) General corporate purpose. In addition, the Company believes that listing of its Equity Shares will
No. of Amount Shares
19 14725
38 29450
57 44175
76 58900
95 73625
114 88350
133 103075
No. of Shares Amount
152 117800 171 132525 190 147250 209 161975 228 176700 247 191425
enhance its visibility and brand name among existing and potential Disclaicustomers: .for more details please refer RHP Peer Group Company
Housing Development Finance Corporation Limited LIC Housing Finance Limited Indiabulls Housing Finance Limited Gruh Finance Limited Dewan Housing Finance Limited Repco Home Finance Limited
An indicative timetable post issues closing Finalisation of Basis of Allotment with On or about November
the Designated Stock Exchange 2, 2016 Initiation of refunds (if any, for Anchor On or about November Investors) / unblocking of funds from 3, 2016 ASBA Account
Credit of Equity Shares to demat On or about November
accounts of Allottees 4, 2016 Commencement of trading of the Equity On or about November Shares on the Stock Exchanges 7, 2016